NRG Fleet Services

Tosca Debt Capital (TDC) provided NRG Fleet Services (NRG) with a first lien debt facility alongside working capital from RBS to support the future growth of the group from its Skelmersdale headquarters.

NRG provides trucks and other operational assets alongside a full maintenance service to local councils and waste management businesses across the country. With over 1,600 assets the business is able to service the needs of national customers and is a market leader in the waste management sector.

NRG founder, Sid Sadique, said: “The institutional capital from TDC provides the management team with a fantastic opportunity to develop the business and importantly build value.”

Richard Williams, partner at Tosca Debt Capital, added: “We’re delighted to have invested in NRG and look forward to working with this experienced and ambitious management team to execute their business plan and realise the business’s potential over the coming months and years.”

Tosca Debt Capital LLP (“TDC”) is an Appointed Representative of Toscafund Asset Management LLP which is authorised and regulated by the Financial Conduct Authority (“FCA”) and registered with the U.S. Securities and Exchange Commission as an Investment Adviser. Tosca Debt Capital LLP is a company registered in England and Wales. Registered number: OC414014